A happening pocket-sized lounge bar serving happening peoples’ punch, Shanghai's Punch Room, like its cousins in London and Barcelona, is characterized by exclusivity, insisting on reservations -- a necessity considering how small the space is. Moving in and around that space is a staff almost entirely composed of pretty ladies with exposed midriffs. The sound system blasts classic 90's hip-hop, and the menu is dedicated to the art of the punch. The punches, made daily, are served by the glass (100rmb) or the silver bowl (500rmb for the smallest one, plus 15% service charge), doled out with a silver ladle. The Punch Room's basically an exclusive house-party in an upscale, downtown apartment. The cozy layout, the tasteful interior, the volume of the music and the punchbowl centerpieces seem aimed squarely at small gatherings of chic, upwardly mobile socialites being their chic, upwardly mobile selves. It is worth a visit if you are one of those.

Okay not 9 million, but 9 bars and restaurants will be opening inside the Ritz-Carlton's newest hotel, The Shanghai EDITION . EDITION all caps. Set in the old Shanghai Power Company building, built in 1932, it's setting itself up as a cultural hub as well as a luxury hotel. Which means...
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